Global Industry Classification Standard

Younger Canadians gave themselves the lowest grades for managing their finances in 2023

Retrieved on: 
Wednesday, January 31, 2024

TORONTO, Jan. 31, 2024 /CNW/ - A new Simplii Financial poll reveals that while most Canadians gave themselves excellent grades on managing their finances in 2023, younger Canadians assigned themselves the lowest grades and were most likely to admit they need more help.

Key Points: 
  • TORONTO, Jan. 31, 2024 /CNW/ - A new Simplii Financial poll reveals that while most Canadians gave themselves excellent grades on managing their finances in 2023, younger Canadians assigned themselves the lowest grades and were most likely to admit they need more help.
  • "Increases in the cost of living and high interest rates had a real impact on younger Canadians over the last year," said Bob Cancelli, Managing Director and Head, CIBC Direct Financial Services and Simplii Financial.
  • The start of a new year is a great time to assess financial goals for both the short and longer-term.
  • 1502 randomly selected adult Canadians who are Maru Voice Canada online panelists were surveyed from November 2 to November 3, 2023.

NEXE Innovations Announces Quarterly Q2 2024 Financial Results for the Three-Month Period Ended November 30, 2023

Retrieved on: 
Tuesday, January 30, 2024

WINDSOR, ON, Jan. 29, 2024 /PRNewswire/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended November 30, 2023 ("Q2 2024").

Key Points: 
  • WINDSOR, ON, Jan. 29, 2024 /PRNewswire/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended November 30, 2023 ("Q2 2024").
  • In Q2 2024, we continued to engage with well-established coffee companies and distributors, and our innovative compostable single-serve pods have been well-received, leading to repeat orders.
  • At the end of Q2 2024, our total cash position is $11.4 million (including GICs and term deposit).
  • The total expected cash position for NEXE, including if the Surrey facility is sold, is ~$18 million.

BMO Annual Investment Survey: TFSA Usage Dips as Canadians Contend with Economic Concerns, Rising Costs and Managing Debt

Retrieved on: 
Thursday, January 18, 2024

TFSAs offer Canadians investment options beyond a savings account, and various other investments beyond cash can be held in a TFSA such as GICs, mutual funds, ETFs, stocks, and bonds.

Key Points: 
  • TFSAs offer Canadians investment options beyond a savings account, and various other investments beyond cash can be held in a TFSA such as GICs, mutual funds, ETFs, stocks, and bonds.
  • "The results from this survey are understandable given prevailing economic conditions," said Robert Kavcic, Senior Economist, BMO.
  • This study was conducted by Pollara Strategic Insights via an online survey of 1,510 adult Canadians, between November 3rd – 8th, 2023.
  • The margin of error for a probability sample of this size is ± 2.5%, 19 times out of 20.

Palisade Promotes Dawn R. Brock and Garo Norian to Associate Portfolio Manager Roles; Retains Search Firm

Retrieved on: 
Tuesday, January 9, 2024

Dawn Brock joined Palisade in 2013 as a Senior Research Analyst with a focus on the Health Care sector, and she was named a Partner in the firm in 2023.

Key Points: 
  • Dawn Brock joined Palisade in 2013 as a Senior Research Analyst with a focus on the Health Care sector, and she was named a Partner in the firm in 2023.
  • Prior to joining Palisade, Ms. Brock was at Lord Abbett & Co., LLC where she was an Investment Analyst covering Health Care.
  • Dan Veru, Palisade Senior Partner and Chief Investment Officer commented, "These well-earned promotions are a natural progression for both Dawn and Garo.
  • These promotions signify our confidence in both Dawn and Garo and our commitment to the continued growth of our firm."

TD Ameritrade Investor Movement Index: IMX Score Drops in November

Retrieved on: 
Monday, December 4, 2023

The Investor Movement Index ® (IMXSM) decreased to 5.20 in November, down from its score of 5.64 in October.

Key Points: 
  • The Investor Movement Index ® (IMXSM) decreased to 5.20 in November, down from its score of 5.64 in October.
  • The IMX is TD Ameritrade’s proprietary, behavior-based index, aggregating Main Street investor positions and activity to measure what investors actually were doing and how they were positioned in the markets.
  • View the full release here: https://www.businesswire.com/news/home/20231204099951/en/
    The reading for the four-week period ending November 24, 2023 ranks “moderate low” compared to historic averages.
  • TD Ameritrade clients were net sellers of equities overall during the period.

Allied Climate Partners Launches to Catalyze Bankable Climate-Related Projects in Emerging Economies

Retrieved on: 
Friday, December 1, 2023

Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.

Key Points: 
  • Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.
  • "Local leaders around the world have identified a clear problem: there simply aren't enough bankable climate-related projects to deploy capital at the scale we need to address the climate crisis," said Allied Climate Partners CEO Ahmed Saeed.
  • The lack of bankable projects has long stifled climate investment in developing nations, particularly in the precarious early stages of project development.
  • That's where Allied Climate Partners comes in," said Andrew Steer, President & CEO of the Bezos Earth Fund.

Worthington Steel Set to Join S&P SmallCap 600

Retrieved on: 
Tuesday, November 28, 2023

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Worthington Steel Inc. (NYSE: WS) will be added to the S&P SmallCap 600 effective prior to the open of trading on Friday, December 1, replacing Sleep Number Corp. (NASD: SNBR) which will be removed from the S&P SmallCap 600 effective before the open of trading on Monday, December 4.

Key Points: 
  • NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Worthington Steel Inc. (NYSE: WS) will be added to the S&P SmallCap 600 effective prior to the open of trading on Friday, December 1, replacing Sleep Number Corp. (NASD: SNBR) which will be removed from the S&P SmallCap 600 effective before the open of trading on Monday, December 4.
  • S&P SmallCap 600 constituent Worthington Industries Inc. (NYSE: WOR) is spinning off Worthington Steel in a transaction expected to be completed on December 1.
  • Post spin-off, the parent Worthington Industries will remain in the S&P SmallCap 600 and will change its name to Worthington Enterprises Inc.
  • Sleep Number is no longer representative of the small-cap market space.

EQ Bank Card launches in Québec as Carte Banque EQ

Retrieved on: 
Monday, November 20, 2023

Popular bank card gives customers the ability to earn, save, and spend their money

Key Points: 
  • Popular bank card gives customers the ability to earn, save, and spend their money
    TORONTO, Nov. 20, 2023 /PRNewswire/ - EQ Bank (Banque EQ in Québec) is offering Québec customers a new way to earn, save and spend their money, with the introduction of its popular EQ Bank Card1 (Carte Banque EQ).
  • EQ Bank Card customers are actively using it every day and across more than 140 countries (20% of total card transactions are international).
  • The EQ Bank Card rounds out that offering and we're confident that this is the card Québec customers will want in their wallet for day-to-day spending, cash access, or travel."
  • The EQ Bank Card offers several distinctive features for an everyday bank card:
    Free cash withdrawals from any ATM in the country.

TD Ameritrade Investor Movement Index: IMX Score Held Steady During October

Retrieved on: 
Monday, November 6, 2023

The Investor Movement Index ® (IMXSM) came in at 5.64 in October, flat with September and still below a 52-week high of 5.70 in August.

Key Points: 
  • The Investor Movement Index ® (IMXSM) came in at 5.64 in October, flat with September and still below a 52-week high of 5.70 in August.
  • The IMX is TD Ameritrade’s proprietary, behavior-based index, aggregating Main Street investor positions and activity to measure what investors were doing during the period and how they were positioned in the markets.
  • View the full release here: https://www.businesswire.com/news/home/20231106410178/en/
    The reading for the four-week period ending October 27, 2023 ranks “moderate low” compared to historic averages.
  • TD Ameritrade clients were net buyers of equities overall during the period.

NCM Kipling Funds at 2023 Canadian Hedge Fund Awards

Retrieved on: 
Wednesday, October 18, 2023

Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - NCM Investments is pleased to announce that the NCM Kipling Global Enhanced Growth Fund was awarded second place for Best 1-Year Return at the 2023 Canadian Hedge Fund Awards held in Toronto last night.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - NCM Investments is pleased to announce that the NCM Kipling Global Enhanced Growth Fund was awarded second place for Best 1-Year Return at the 2023 Canadian Hedge Fund Awards held in Toronto last night.
  • The NCM Kipling Funds were nominated for a total of seven awards.
  • A total of 233 unique hedge funds were considered for a 2023 Canadian Hedge Fund Award.
  • Wan Kim, Senior Vice President, National Sales & Marketing at NCM said, "Investors and advisors are always looking for strong alternatives to complement their portfolios while managing risk, and all three NCM Kipling Funds are an ideal fit for the task."